Business Directories

Mashreq unveils non-resident Egyptian offer

Dubai, December 26, 2012

UAE-based Mashreq has for the first time launched a tailor-made proposition for non-resident Egyptians, in its endeavour to continue offering distinctive banking solutions.

The move comes in as an extension to Mashreq’s presence in Egypt with 10 fully operational branches.

Non-resident Egyptians can now carry out their banking requirements without having to travel to Egypt, a statement from the bank said. Customers can visit one of Mashreq branches logistically located across the UAE and open a bank account in Mashreq Egypt.

Furthermore, individuals have the opportunity to choose the type of savings account that best suit their financial requirements.

Caetano Fernandes, head of Mashreq Gold, Mashreq, said: “The UAE is a business hub for many nationalities and we strive to offer convenient and innovative financial solutions to our customers.”

“We are connecting our customers to their homes through their banking relationship which is made simpler than ever. Enhancing our regional presence and implementing our strategy to connect with our customers, within UAE and abroad, this proposition reflects our efforts.”

To offer further convenience, customers will receive an international Visa debit card with Egyptian Pound denomination, which can be used to withdraw cash at ATMs or make purchases at retail outlets across the world, the statement said.

“We have also thought of making it even simpler with the ability to transfer funds from UAE account to Egypt account absolutely free of cost from the comfort of their homes through online banking or the mobile application Snapp. Customers will also receive Dh200 ($54.46) worth of Mashreq Salaam Points, UAE’s pioneering loyalty programme.”

Mashreq Gold customers have the added advantage of eligibility for Mashreq Gold accounts in Egypt, with the chance to enjoy all privileges and benefits.

Non-resident Egyptians can now save in term deposits, certificate of deposits and saving and transactional accounts with attractive rates, the statement said. – TradeArabia News Service